Food

L Catterton agrees to buy Del Frisco's for $650 million

 The rib-eye is photographed at Del Frisco's Double Eagle Steak House September 29, 2014 in Washington, DC. (Photo by Katherine Frey/The Washington Post via Getty Images)
A rib eye at Del Frisco's Double Eagle Steak House. Photo: Katherine Frey/The Washington Post via Getty Images

L Catterton agreed to buy Del Frisco’s Restaurant Group for approximately $650 million in cash, or $8 per share.

Why it matters: This reflects how private equity passes around high-end steakhouses like they're a side of lobster mac and cheese.

A robotic dish-scrubber for commercial kitchens

Video of a robotic dishwasher
Video courtesy Dishcraft Robotics

Like an automated carwash for plates, a new commercial-grade robot dish-scrubber takes in dirty dishes in tall stacks and spits clean ones out the other side — potentially cutting dishwashing staffs by more than half.

But, but, but: In a concession to the limitations of today's robots, the machines can only handle specially made plates and bowls with magnetic inserts, and their cost lands them out of reach of all but the biggest restaurants and cafeterias.